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Question: What is Labuan's advantage compared to financial centres in Hong Kong and Singapore?
1-2. About Labuan Offshore Financial Centre
Answer: Labuan offers the lowest tax rate financial center in Asia with an effective tax rate of 3%. Compared to Hong Kong (16.5%) and Singapore (17%), we are in a better environment to reinvest profits. In addition, any company that invests or a foundation that does not conduct business is non-taxable. In this case, the audit is exempted.
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Bona Trust Corporation offers Labuan company incorporation, trust setup, work permits, and more, connecting global businesses to ASEAN.
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